State Street Corp Has $22.81 Million Position in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

State Street Corp grew its holdings in CrossFirst Bankshares, Inc. (NASDAQ:CFB - Free Report) by 10.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,366,649 shares of the company's stock after purchasing an additional 126,096 shares during the quarter. State Street Corp owned about 2.77% of CrossFirst Bankshares worth $22,809,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Bank of New York Mellon Corp grew its stake in shares of CrossFirst Bankshares by 7.2% in the second quarter. Bank of New York Mellon Corp now owns 206,934 shares of the company's stock worth $2,901,000 after acquiring an additional 13,863 shares during the last quarter. FAS Wealth Partners Inc. bought a new position in shares of CrossFirst Bankshares during the 2nd quarter worth about $177,000. Rhumbline Advisers raised its position in shares of CrossFirst Bankshares by 2.6% during the second quarter. Rhumbline Advisers now owns 74,214 shares of the company's stock valued at $1,040,000 after buying an additional 1,895 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of CrossFirst Bankshares by 10.8% in the second quarter. TD Asset Management Inc now owns 93,564 shares of the company's stock valued at $1,312,000 after buying an additional 9,130 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in CrossFirst Bankshares during the second quarter worth about $990,000. 56.29% of the stock is currently owned by institutional investors.

CrossFirst Bankshares Price Performance

NASDAQ CFB traded up $0.17 during trading on Monday, reaching $15.69. 121,863 shares of the company traded hands, compared to its average volume of 242,299. CrossFirst Bankshares, Inc. has a 1-year low of $10.64 and a 1-year high of $19.22. The company has a market cap of $773.75 million, a price-to-earnings ratio of 10.67 and a beta of 1.06. The stock's 50 day moving average price is $16.81 and its two-hundred day moving average price is $16.32. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97.

Insider Buying and Selling

In other news, Director George Bruce acquired 100 shares of the firm's stock in a transaction on Wednesday, October 30th. The shares were purchased at an average cost of $1,000.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the director now owns 100 shares of the company's stock, valued at $100,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Janney Montgomery Scott raised CrossFirst Bankshares from a "neutral" rating to a "buy" rating and set a $21.00 price target for the company in a report on Tuesday, September 10th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $20.00 target price on shares of CrossFirst Bankshares in a research report on Wednesday, August 28th.

CrossFirst Bankshares Company Profile

CrossFirst Bankshares, Inc operates as the bank holding company for CrossFirst Bank that provides various banking and financial services to businesses, business owners, professionals, and its personal networks. The company offers commercial and industrial loans, including enterprise value lending; commercial real estate loans; construction and development loans, such as home builder lending; residential real estate, multifamily real estate, energy, SBA, and consumer loans; and credit cards.